Business Standard

Telecom shares gain, Idea Cellular at four year high

Idea Cellular,Tata Teleservices (Maharashtra), Reliance Communications and Bharti Airtel are up 1-6% on the BSE.

SI Reporter  |  Mumbai 

Shares of telecom services provider are trading higher in the range of 1-2% in otherwise subdued market in morning trades after the Empowered Group of Ministers (EGoM) on telecom on Monday decided to slash the reserve price for CDMA spectrum by 30%-50%.

Among the individual stocks Idea Cellular is trading higher by 2.5% at Rs 112, its highest level since June 2008 on the Bombay Stock  Exchange. 

Tata Teleservices (Maharashtra) has rallied almost 5% to Rs 13.19, followed by Reliance Communications (up 2.6% at Rs 84) and (up 1% at Rs 330).

"The cabinet will take a final decision. Auction for 800 MHz will be conducted in March following the auctions of 1800 MHz and 900 MHz bands that would start on March 11,” the Business Standard report suggests quoting a top government official from headed by Finance minister P Chidambaram.

 

RECOMMENDED FOR YOU

Telecom shares gain, Idea Cellular at four year high

Idea Cellular,Tata Teleservices (Maharashtra), Reliance Communications and Bharti Airtel are up 1-6% on the BSE.

Shares of telecom services provider are trading higher in the range of 1-2% in otherwise subdued market in morning trades after the Empowered Group of Ministers (EGoM) on telecom on Monday decided to slash the reserve price for CDMA spectrum by 30%-50%.

Shares of telecom services provider are trading higher in the range of 1-2% in otherwise subdued market in morning trades after the Empowered Group of Ministers (EGoM) on telecom on Monday decided to slash the reserve price for CDMA spectrum by 30%-50%.

Among the individual stocks Idea Cellular is trading higher by 2.5% at Rs 112, its highest level since June 2008 on the Bombay Stock  Exchange. 

Tata Teleservices (Maharashtra) has rallied almost 5% to Rs 13.19, followed by Reliance Communications (up 2.6% at Rs 84) and (up 1% at Rs 330).

"The cabinet will take a final decision. Auction for 800 MHz will be conducted in March following the auctions of 1800 MHz and 900 MHz bands that would start on March 11,” the Business Standard report suggests quoting a top government official from headed by Finance minister P Chidambaram.

 

image

LIVE MARKET

BSE 26611.37

380.18 (1.45 %)

NSE 8069.80

120.85 (1.52%)

Widgets Magazine

STOCK WATCH

Company Price() Chg(%)
Future Consumer 16.35 13.15
Kolte Patil Dev. 168.45 12.64
Aban Offshore 262.25 9.77
Vakrangee 117.25 8.77
Gati 147.50 8.18
> More on BSE Gainers
Company Price() Chg(%)
Kolte Patil Dev. 169.20 13.14
Future Consumer 16.35 12.76
Aban Offshore 261.95 9.63
Mercator 22.80 9.62
L G Balakrishnan 493.00 9.19
> More on NSE Gainers
Company Price() Chg(%)
Sunrise Asian 260.70 -9.98
Goldline Intl. 205.50 -4.99
Castex Tech 63.65 -4.93
Symphony 2135.00 -4.07
Gulf Oil Lubrica 491.40 -3.62
> More on BSE Gainers
Company Price() Chg(%)
Castex Tech 63.80 -4.99
Gulf Oil Lubrica 490.45 -3.93
Shrenuj & Co. 52.95 -3.73
ICRA 3849.25 -3.47
I O B 36.30 -3.20
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price